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and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on your show that i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at it, i've jokingly said he's going to a better place. but i really am serious about that
and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on...
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Dec 6, 2012
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if they bring a deal that is too drastic of a stop it is not going to be good for the economy either. >> the bottom line is they are going through hoops to avoid what is core problematic for their respective party dna. the republicans don't want to raise rates. so they will go through all sorts of hoops to essentially get as much if not more revenue and effectively screwing the red chief and more. they don't wnt to address entitlement spending and even slowing the growth. it would be equated with throwing granny off the cliff. and there in lies the casm. we have to close it. >> we do have to close it. if you are looking at all of these programs, are they even going to reduce the deficit? if they have the combined affect of slowing down the economy, the deficit reduction doesn't take place. they have to be more pro active and they have to get aggressive. but none of these guys understand economics. you are talking about a bunch of lawyers. you are talking about a bunch of people that study political science. you don't have anybody in congress that understands economic and they are foll
if they bring a deal that is too drastic of a stop it is not going to be good for the economy either. >> the bottom line is they are going through hoops to avoid what is core problematic for their respective party dna. the republicans don't want to raise rates. so they will go through all sorts of hoops to essentially get as much if not more revenue and effectively screwing the red chief and more. they don't wnt to address entitlement spending and even slowing the growth. it would be...
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just can't seem to get the economy going. lots of efforts and a ton of help from the state of chicken. why can't you get this back on track? >> like every urban area in the country, we are suffering in the foreclosure. we live and die by property taxes and sales taxes and they are all coming in shorter than anticipated. basically because the property values in detroit. it is starting to pick up in michigan. we just need a little bit more time in order to get our financial house in order. in order to grow our economy. gerri: i have heard that before. we need more time to get our fiscal house in order. wouldn't it make more sense? i know that you are probably playing all kinds of different groups. all kinds of different political groups who want to have their voice heard. wouldn't it make more sense to come in and have the state on this thing -- the thing that we will fix this thing and get it done. >> unfortunately, they can't unilaterally change them. so the financial emergency manager coming into detroit, setting us back a y
just can't seem to get the economy going. lots of efforts and a ton of help from the state of chicken. why can't you get this back on track? >> like every urban area in the country, we are suffering in the foreclosure. we live and die by property taxes and sales taxes and they are all coming in shorter than anticipated. basically because the property values in detroit. it is starting to pick up in michigan. we just need a little bit more time in order to get our financial house in order....
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Nov 29, 2012
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economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got there. big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've bee
economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got there. big parts of that was government...
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Dec 2, 2012
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Nov 29, 2012
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. >> in terms of the economy, are you worried about 2013? a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend money. the concern is well founded. >> and my thanks to john wattson. >>> political posturing on the fiscal cliff from leading republicans and democrats alike. >> i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. >> we have made our proposal. let them come forward with something. >> find out what senate majority leader harry reid's nevada constituents are saying about his performance. >>> also, is it time for the u.s. to join the ranks and put $1 billis to rest in favor of a $1 coin? believe it or
. >> in terms of the economy, are you worried about 2013? a lot of talk about recession, particularly if we were to go off the fiscal cliff. what's your take on economic landscape in the next year? >> i think there are mixed signs out there. there is great apprehension in small business and in business at large with the prospects of tax increases or dramatic spending cuts that might trigger triggered. i think there's great anxiety. when there's anxiety, people generally don't spend...
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economy. you look at consumer confidence numbers from the university michigan and everyone is worried about the future because of the scare tactics that are coming from washington. >>neil: amazing. thank you very were. a footnote on the 40th anniversary, more than half of americans alive today were not even born at that time. on the 40th anniversary of the apollo launch the last guy to washington on the moon is talking to us. >> america's challenge of today, forging man's destiny, up a pile. >>neil: you look at the moon. you were the last human being to touch that surface. how does that make you feel? >>guest: humble. i don't look at the moon and say, what a great guy you are, i do it when you ask. >> we live. we came. god willing, we will return. this is for all mankind. godspeed, the crew of apollo 17. >> i am convinced the pace program will come back. >> the country needs something to look forward to, to be proud of. what can we do in 10,000 years? i grandmother in a farm in michigan had a
economy. you look at consumer confidence numbers from the university michigan and everyone is worried about the future because of the scare tactics that are coming from washington. >>neil: amazing. thank you very were. a footnote on the 40th anniversary, more than half of americans alive today were not even born at that time. on the 40th anniversary of the apollo launch the last guy to washington on the moon is talking to us. >> america's challenge of today, forging man's destiny,...
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economy. >> more in 2012 than they otherwise would have gotten. >> absolutely. >> maybe after the first of the year with all these folk, see more spending on luxury items as well. people probably spend some. >> we hope so. >> sue, thanks. >>> guys, we are watching shares of facebook today the social media giant unveiling a new tweak to its instant messaging app. facebook up just about 2%. you don't even have to be a member to use this new app and julie boorstin is in los angeles with the three things you need to know this deal. hi, julia. >> hi, sue. well, facebook is continuing its big push to make money on mobile users by offering its messenger app to billions of people around the world with phones and no longer limiting that app to facebook users. here's the deal. first, mobile messenger is a free app for texting, group chat and photo sharing with no per-text fees. just carrier's regular data costs. doesn't yet yield direct revenues to facebook but it is serving as a gateway to join the soc
economy. >> more in 2012 than they otherwise would have gotten. >> absolutely. >> maybe after the first of the year with all these folk, see more spending on luxury items as well. people probably spend some. >> we hope so. >> sue, thanks. >>> guys, we are watching shares of facebook today the social media giant unveiling a new tweak to its instant messaging app. facebook up just about 2%. you don't even have to be a member to use this new app and julie...
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i think there are ramifications for the whole british economy. we've had an amazing year as well. we've had the jubilee and the olympics and now we're going to have a royal baby. now is the name game. hot money is on elizabeth. the problem is i'm not sure what it will be if it's a boy. >> okay. >> king steve. >> "way too early" is the name of the show. it's also the concept for the story. thank you very much. as always, let us know why you're awake. >> i think steve will be a great name. >> let's not talk about it until she's ready. shoot us an e-mail or tweet us and let us know why you're awake this early. we'll read the best responses later in the show. still ahead on "way too early," the nfc east just got interesting. rg-3 and the redskins pull off a close win against their rivals, the new york giants. full highlights next in sports. >>> plus, jon stewart is fed up with gridlock in washington. we'll show you his hilarious take on filibuster rules. >>> and we'll check the weather because we have to. it's part of his contract. i'm done! "are you a cool mom?" i'm gonna find out. [
i think there are ramifications for the whole british economy. we've had an amazing year as well. we've had the jubilee and the olympics and now we're going to have a royal baby. now is the name game. hot money is on elizabeth. the problem is i'm not sure what it will be if it's a boy. >> okay. >> king steve. >> "way too early" is the name of the show. it's also the concept for the story. thank you very much. as always, let us know why you're awake. >> i think...
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the economy has slowly improved. people feel they are able to give a bit more and need out there is tremendous for the services of many of these charities. gerri: now the beauty of your website is that you actually rate, rank these charities and talk about what they're good at, what they're bad at. how much of their money is actually going to the charitable cause they're pursuing. tell us about a little bit about your website and what is it people really need to pay attention to when they're picking a charity? >> sure. we rate more charities than any other organization in the world. we're about, half of all the money in donations goes to those charities we evaluate and we're continuing to expand. there are three critical things people should consider and our website is working on all of that. one is the finances of the organization. is the money going to the right place? does the organization have sustainability, financial health? the second area what we call best practice, governance, accountability and transparency
the economy has slowly improved. people feel they are able to give a bit more and need out there is tremendous for the services of many of these charities. gerri: now the beauty of your website is that you actually rate, rank these charities and talk about what they're good at, what they're bad at. how much of their money is actually going to the charitable cause they're pursuing. tell us about a little bit about your website and what is it people really need to pay attention to when they're...
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Nov 29, 2012
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if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is concerned? >> a few hundred. clearly, any kind of negative constriction of the marketplace impacts us. even if it is a negative state. clearly, here at home, the good news for us is we are going at a 3.5% rate now economically. we are creating jobs. we have a healthy economy and a great quality of life which is attracting people and businesses to utah. we do not have control over what happens in washington, d.c. we are being very cautious as we go forward waiting to see resolution, out of washington, d.c. liz: i saw a quote of something you said. i thought it was perfect for washington. compromise sh
if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is...
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>> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a
>> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the...
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that i'm not sympathetic with for that reason but then it's a larger point this is a vast and complex economy these are highly productive workers you can see the cranes you can see the containers we can afford small blocks of inefficiency because it makes americans more earn more money they live a better life but this is an argument for having a high tech highly productive country not a country based on low skill labor as we have now with immigration policy on low skilled labor based on the terrible schools and we can manage a broad based terrible education reva bhalla see that moves all of that is that for so many of. the maybe don't fix to the question of international trade we can modify a fix we just says you know this is george bush said you know we don't need no strings a.b.m. treaty the president can say we don't need no stinking trade treaty yes he could and that would cost enormous numbers of jobs in certain sectors no. millions of jobs and it would create millions of jobs however we would also and up driving up prices we would be we would have more jobs but we would all be poorer th
that i'm not sympathetic with for that reason but then it's a larger point this is a vast and complex economy these are highly productive workers you can see the cranes you can see the containers we can afford small blocks of inefficiency because it makes americans more earn more money they live a better life but this is an argument for having a high tech highly productive country not a country based on low skill labor as we have now with immigration policy on low skilled labor based on the...
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our company has figured out how to survive in this economy and how to be successful in this economy. the first thing we'll want to do with any income that i have is tax it? that's uncertainty. >> kristen welker is at the white house. critics said the president wasn't pushing a bald deal focusing more on taxes than spending. now the white house is out with its formal debt proposal which mitch mcconnell says he laughed at when tim geithner showed to him. what's so funny? >> reporter: to put the plan into context, first of all, this is the president's opening bid. and essentially comes after he's feeling emboldened by his re-election knowing there's not a whole lot in here that republicans will like off the bat. so just to take a look he it specifics, $1.6 trillion in new taxes, $400 billion in entitlement cuts. $50 billion in new stimulus. and then a proposal to end congress' control of the debt limit. republicans on the hill are essentially calling this plan a nonstarter. house speaker john boehner saying this is not serious. cantor echoing those remarks. they say they want to see few
our company has figured out how to survive in this economy and how to be successful in this economy. the first thing we'll want to do with any income that i have is tax it? that's uncertainty. >> kristen welker is at the white house. critics said the president wasn't pushing a bald deal focusing more on taxes than spending. now the white house is out with its formal debt proposal which mitch mcconnell says he laughed at when tim geithner showed to him. what's so funny? >> reporter:...
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about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's expected to happen? >> reporter: good morning, bill. the vote on the palestinians, a nonmember observer state. we expect to hear from palestinian authority president mahmoud abbas within the next hour. that vote coming after he turned president obama down flat. the u.s. does not want this vote. the palestinians made a move for it last year in the security council where we have a veto. there is no u.s. veto in the 193-member general assembly where it is expected to pass overwhelmingly later this afternoon. last year the pal
about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's...
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i want to stimulate the economy. this adds a new dimension to it. he gave his back of the hand to boehner's -- for the debt -- this is a rejuvenated president adding things to the table, not taking them off. >> it is pretty amazing. adding stimulus to the table means exactly what you just said eliot. it means emphasizing jobs and growth instead of deficit reduction. that's something that's going to make liberals in washington extremely happy and the whole package including this debt ceiling, getting rid of congress's authority over the debt ceiling is something -- it is just politically strong. it is going to make his voters feel emboldened. they're going to give them something to rally around instead of a discussion on numbers and how much are we going to give to entitlements. he said to his base and to his voters who just re-elected him by a reasonably handy margin, we've got something to fight for here. >> eliot: i don't want to go off on the conversation exclusively about the debt ceiling but he's right about saying to congress you pass the spen
i want to stimulate the economy. this adds a new dimension to it. he gave his back of the hand to boehner's -- for the debt -- this is a rejuvenated president adding things to the table, not taking them off. >> it is pretty amazing. adding stimulus to the table means exactly what you just said eliot. it means emphasizing jobs and growth instead of deficit reduction. that's something that's going to make liberals in washington extremely happy and the whole package including this debt...
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with a few verbal jabs of his own saying, quote, if the president really wants to avoid sending the economy over the fiscal cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being sufficiently revolutionary. >> he thinks someone made him king. he doesn't have the mandate that he thinks he does. i think he takes us over the cliff because he has got blinders on. he doesn't see where he stands in the universe. >> jennifer: or where he stands? where the president stands? he's leader of the free world for goodness sakes. but back to the tea party senator jim demint, who was riding first class on the tea party express, he tweeted that boehner's propose is an $800 billion tax hike that will destroy jobs and allow politicians to spend even more. not so fast, demint. there is yet another front in this revolution. conservative columnist jennifer ruben dismissed demint's rhetoric
with a few verbal jabs of his own saying, quote, if the president really wants to avoid sending the economy over the fiscal cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being sufficiently revolutionary. >> he thinks someone made him king. he doesn't have the...
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but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. at some point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victory by big labor about to drive up the fax spill. wait until you hear this coming up next. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas d
but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party....
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a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agree. michigan senator debbie stabenow on filibuster reform. >>> later senator john kerry delivers an
a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all...
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lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in spending. but what in the world by these folks to do on capitol hill? >> here is my argument. the first thing the republicans need to do is insist that the negotiations be in front of c-span so that the american people can see what obama is and is not doing until that happens, obaa can keep misrepresenting what is going on. second, they need to say %-to be on line for even dayseds said that the american people can read it. we have those two things, the chances of being completely jammed is a greatly educed, not down to zero, but let's get c-span cameras there. lou: i think your condition w
lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in...
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our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health
our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking...
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Dec 5, 2012
12/12
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when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... .
when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ]...
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Nov 30, 2012
11/12
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again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have this income, unemployment insurance which keeps them in the economy, a functioning part of the economy, so they can spend the money. so the economic policy institute went ahead and extrapolated. if you were to keep this $30 billion cost of extended unemployment insurance, actually, that will pump another $15 billion to $18 billion into the economy because these folks are spending money. and that's what fuels our economy. >> some of the people who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal
again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have...
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Dec 1, 2012
12/12
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>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for more strikes, ed. >> you're hoping for more strikes? >> yeah. >> did the 98% have anything to do with this? >> it crystallized something already going on in this country that people knew about where the wealth was going. they knew we have seen it go to the people at the top and the people at the bottom were getting squeezed. productivity has gone up, they are working harder and longer. >> there's been no organized union that has gone nd
>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for...
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Nov 29, 2012
11/12
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this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i understand it, i understand the broad principles, but i don't have the nuts and bolts of it. and i hear the president say he's ready, willing and excited to have bipartisanship, but i don't know what his plan is either. >> again, his budgets, four budgets, yet to propose a solution to save social security or medicare. can't even get democrats or house senators to vote for his plan. we haven't seen his plan. that's a real tragedy. the president, it's incumbent on him. he won, time for him to govern, show the american people his balanced plan. he talked about it all the time. we know where he wants to increase revenue. he
this is about returning confidence to the economy. >> greta: a plan to rev up the economy or a plan for spending cuts? >> a plan for reducing the deficit which actually would return certainty to the economy, restore confidence, which would help economic growth. punishing success will not do that. temporary tax increases don't do that as well. >> greta: it's interesting, almost seems like a game of chicken to see who's going to blink first. i listen to what you say, and i...
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Nov 29, 2012
11/12
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this gives you an idea of whether we're seeing real follow through in the economy. overall, i don't think you go steam rolling into this. this is what the housing market is telling you. >> all right. let's hit pops and drops. we kick it off with a pop. >> you know i like realogy. more to come. >> freeport mac was a pop today. >> part of this is speck. part of it is real. copper is going to be a deficit, at least if you listen to what the chinese supplies are telling you. freeport at 3960 has a lot of resistance. you're just about there. >> barnes & noble was a drop today, a big one. 11%. >> i'll refrain from the jokes, although there are many. we've cautioned against this one, although it has had a nice bounce. the quarter was lousy. there was news around 3:00 that might have been construed at bullish. i think it goes lower. >> why refrain from them? >> usually you jump right into them. >> this is a nice time of year to go to barnes & noble. hang out for seven or eight hours. >> read. >> put your name tag on in case you forget who you are. it's all good. >> all righ
this gives you an idea of whether we're seeing real follow through in the economy. overall, i don't think you go steam rolling into this. this is what the housing market is telling you. >> all right. let's hit pops and drops. we kick it off with a pop. >> you know i like realogy. more to come. >> freeport mac was a pop today. >> part of this is speck. part of it is real. copper is going to be a deficit, at least if you listen to what the chinese supplies are telling you....
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Dec 7, 2012
12/12
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this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two senators. you are one of them. as well as two republican congressman as well. they are saying don't touch social security or medicare or other entitlements. would you be open to touching them in a deal? >> interest groups have every right to advocate but we've seen the lack of power that some of the negative attacks that were spent against a lot of candidates. i think medicare is a great program. it needs to be protected. but anyone that denies the math around these programs is just disconnected to reality. the fact is, when i was a kid, th
this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two...
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Dec 1, 2012
12/12
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so the economy gets better. more comprehensive idea and. fha and 61, but tries accordingly -- [inaudible] down payments, bones are sustainable. so once we go back to normal times, whenever that is, we have the conversation. >> this debate has gone on since i was commissioner when we first went below 2% reserve dates. i've heard debates -- [inaudible] i've heard the debate over 3.5 to five. at the end of the day, is that the measure itself measure the greater risk controls for the fha as opposed to having just a good credit banishment protocol that requires underwriting standards that are going to provide sustainability. you can eliminate risk in its entirety. you can require 20% down payment, psycho at 740 and variables that ultimately ensure you have no risk. fha is a unique program. it has an extremely high premiums applied to every single mortgage that can support and this is a terrible way of putting it, but mathematically can support mid to high teens to literacy rates. when you go through an experiment, built on a housing bubble is qu
so the economy gets better. more comprehensive idea and. fha and 61, but tries accordingly -- [inaudible] down payments, bones are sustainable. so once we go back to normal times, whenever that is, we have the conversation. >> this debate has gone on since i was commissioner when we first went below 2% reserve dates. i've heard debates -- [inaudible] i've heard the debate over 3.5 to five. at the end of the day, is that the measure itself measure the greater risk controls for the fha as...
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Nov 29, 2012
11/12
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this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
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Dec 6, 2012
12/12
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egypt's economy is stagnant. getting the imf loan of $4.8 billion, $6 billion promised from the eu, and this money from us will matter a lot. at the end of the day, morsi has to deliver. morsi has to provide food and jobs and employment for his people. that's what will create buy in. >> jane, real quick, because we never have enough time, i want to quickly get your take on syria. secretary of state clinton meeting with the russian foreign minister as well as the u.n. envoy to syria. with so much concern about the threat of chemical weapons at this point, do you think there are any diplomatic options left? >> i think the play -- and hillary clinton met twice today with russian foreign minister lavrov -- is to get russia in the tent with the rest of the world. everyone has predicted, when facts on the ground change, russia will be there. this could be a reset moment for vladimir putin, and he could, because of his unique sway in the area, persuade, i would think, the bashar family to step aside and create a peacefu
egypt's economy is stagnant. getting the imf loan of $4.8 billion, $6 billion promised from the eu, and this money from us will matter a lot. at the end of the day, morsi has to deliver. morsi has to provide food and jobs and employment for his people. that's what will create buy in. >> jane, real quick, because we never have enough time, i want to quickly get your take on syria. secretary of state clinton meeting with the russian foreign minister as well as the u.n. envoy to syria. with...
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Dec 5, 2012
12/12
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he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillion. only in washington, d.c. can you say we're winding down the war but we're going to count that as savings. baseline spending doesn't make any sense. the president of the united states -- >> if we -- >> julian, hang on one second. the president of the united states should call the congressional leadership up to camp david, go up there and they should get in a room and they should sit there until they hammer out a deal. >> i agree with that. >> julian, go ahead. >> there are three big points the viewers need to understand and they need to take note that ron did not respond to. first, on the economists. the economist
he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillion. only in washington, d.c. can you say we're winding down the war but...
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Dec 1, 2012
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and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certai
and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do a deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a deep reception right now. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to...
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Dec 4, 2012
12/12
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as this goes on, the american economy stalls, wall street's nervous, the consumers that should be out there now buying lots of christmas presents and boosting the economy will be reticent because they'll be thinking hang on, what's going to happen come the end of the year, am i suddenly going to have to find more money. everything starts to once again get paralyzed and somebody's got to give here. now, are the republicans prepared to go over this cliff on the pure point of refusing to allow increased income tax on the richest 2% of the country? and if so, why? it's such a small thing to fall over a cliff over, isn't it? who cares if the super rich pay a little bit more tax? they don't care. it's not going to affect their ability to invest. >> well, piers, you've just outlined the president's narrative and robert gave you the president's sense of entitlement and mandate that he thinks he has. but let's go back four years when the president was polling not at 52% but at 70% after just being elected, beating a war hero, and he thought he could do anything and he -- the country would go a
as this goes on, the american economy stalls, wall street's nervous, the consumers that should be out there now buying lots of christmas presents and boosting the economy will be reticent because they'll be thinking hang on, what's going to happen come the end of the year, am i suddenly going to have to find more money. everything starts to once again get paralyzed and somebody's got to give here. now, are the republicans prepared to go over this cliff on the pure point of refusing to allow...
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Dec 1, 2012
12/12
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it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans taking risk. boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with drawing things off the tab and it seemed like chest beats. >> we just went through an election, david. the republicans are the ones who are for medicare kurkts they really are. so w
it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans taking risk. boehner took a risk, tom cole took a risk and he undercut them. he...
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Dec 2, 2012
12/12
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security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well. mexicans want to see the country move forward and advance and i think everyone is pulling for him. 62 percent of the mexicans did not vote for the president? >> he won with 38 percent of the vote in a field of four candidates and three were the strongest. there is no question about the legitimacy of his election. but he definitely does not have half of the population behind him. >> he certainly doesn't have a mandate is what you are saying. lauren thank you for reporting for fox news latino . thank you, we appreciate it. for much more on mexico's n
security and economy are numbers one and two. he mentioned a crime prevention program as well as a number of different hand outs to populations that are in need . he's got a lot on his plate tomorrow as sure. >> you have been there several days and today whampt is your impression of people there and their hopefulness? li would say that many peopline those who did not vote for him and that was 62 percent of the voters did not vote for him. they wish mexico well and they wish nieto well....